DnB Asset Management AS reports beneficial ownership of 7,109,285 shares of Sandisk Corp common stock, equal to 5.8% of the class. The filer, organized in Norway, discloses sole voting power over 5,698,664 shares and shared voting power over 1,410,621 shares, while retaining sole dispositive power over all 7,109,285 reported shares and no shared dispositive power. The filing states the securities are held in the ordinary course of business and were not acquired to influence control of the issuer. The issuer's principal office is listed in Milpitas, California.
Form 4 Filing Details: Bernard Shek, Chief Legal Officer & Secretary of Sandisk Corp (SNDK), reported a transaction dated June 20, 2025. The insider disposed of 184 shares of Common Stock at $46.58 per share through a tax withholding transaction (Code F).
Key Transaction Details:
- Transaction was executed to satisfy tax obligations through withholding of securities (Rule 16b-3(e))
- Following the transaction, Shek directly owns 17,452 shares
- Filing was signed by Van Huynh as Attorney-in-Fact on June 24, 2025
This routine tax-related transaction represents a small portion of the executive's total holdings and appears to be related to the vesting of securities. No derivative securities were involved in this transaction.